XRP Sees Significant Price Drop Amid Market Volatility
XRP Price Plummets
XRP was trading at $0.38649 on the Investing.com Index, marking a 10.75% drop in 24 hours. This decline represents the largest one-day percentage loss since November 8. The cryptocurrency's market cap decreased to $19.35884B, accounting for 2.15% of the total cryptocurrency market cap.
Trading Range and Volume
XRP traded between $0.37986 and $0.41080 in the past 24 hours. Over the last seven days, its value dropped by 16.43%. The 24-hour trading volume for XRP was $3.96628B, representing 1.95% of the total volume across all cryptocurrencies.
Historical Context
At its current price, XRP remains 88.25% below its all-time high of $3.29, achieved on January 4, 2018. This significant gap highlights the long-term volatility and challenges faced by the cryptocurrency.
Broader Market Trends
Bitcoin and Ethereum also experienced losses. Bitcoin fell to $18,398.4, down 6.58%, while Ethereum dropped to $1,306.30, losing 10.98%. Bitcoin's market cap stood at $350.58602B, or 38.94% of the total cryptocurrency market, while Ethereum's market cap was $158.55220B, representing 17.61% of the total market value.
The cryptocurrency market continues to exhibit volatility, with major coins like XRP, Bitcoin, and Ethereum seeing significant price fluctuations amid broader market uncertainty.
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